Property Registrations Fall Amid Rising Land Prices in Haveri
HAVERI: The Haveri sub-registrar’s office has witnessed a significant drop in property registrations over the last eight months due to skyrocketing land prices and an increase in private layouts. Registrations, which once averaged around 2,000 monthly, fell to 1,023 in April, 875 in October, and only 469 so far in December, according to sub-registrar Sanjeev Kapali. The ongoing decline reflects buyer reluctance stemming from rising prices and insufficient affordable options, despite private developers continually launching new layouts on the outskirts of the city. Between April and November, stamp duty and registration fees reached over Rs 17.2 crore. The situation has…